XCeption – Introduction to XCeption
In XCeption’s Twitter Spaces, which took place on February 26, 2024, HODLMagnet team and Ser PT discuss XCeption, its features, products, and future plans. Read our notes below to learn more.
Background
Introduction to XCeption
- Ser PT says that XCeption offers bot tools for trading convenience via Telegram bot and web UI. Unique features include an MEV tool, a market market-making tool, and a gamified user experience.
- He adds that the founders’ background in trading led to exploring sniper tools like MEV bots. They decided to democratize sophisticated tools by creating a proof of concept. They are different from the traditional closed-door approach in finance with democratizing exceptional technology.
Democratizing Tools for Public Access
- Ser PT says that it felt it was the right thing to do as there are many competing bots in the market.
- Business perspective: Wider profit margins on the sell side of MEV compared to buy side.
- Capital efficiency: Creating Sniper Trader tool reduces capital requirement and carry risk.
- Users approve tokens to MEV, lowering cost basis and increasing profits.
Benefits of Democratization and Revenue Generation
- Ser PT says that Sniper Trader tools generated more revenue than top MEV tools last year. Users can profit from holding tokens by accessing the MEV tool on the sell side.
- He adds that profit rewards denominated in $ETH; lower cost basis through claimed profits.
Product Ecosystem Overview
- Ser PT explains the products;
- TradeCeption: Allows buying/selling via Telegram bot, enhancing competitive advantage with MEV transactions.
- MarketCeption: A basic market-making tool with customizable strategies for traders and projects.
- MevCeption: A tool that allows participation in MEV opportunities.
- He adds that a mix of projects and individual investors are currently using the MarketCeption tool.
Benefits of MarketCeption Tool
- Ser PT says that Guardian AI is a project that efficiently adjusts strategies using the tool based on market needs.
- He adds that the Automatic BuyBack feature in the tool can aid projects in managing supply tokens effectively. It enables scale-in buy zones for chart support and scale-out for capital management. He adds that it is important to manage $USDC or $ETH ratios to supply tokens for expense control.
Onboarding Options
- Ser PT says that projects can use a self-service portal or contact the team via website form or Telegram for assistance. The Ambassador program offers support and guidance on setting up strategies with the tool.
Team Structure
- Ser PT says that the team consists of public-facing members on the website and a background team. He has a business and finance background, started in crypto in 2016, and engaged in trading, investing, private sales, and business development.
- He adds that his partners run a web development firm with fintech experience, bringing an experienced development team. The token side team includes an experienced project manager, a marketing manager with web3 expertise, and community managers.
Beta Release and Rollout Strategy
- Ser PT says that initial access to the bot for the referral program started last week. Beta release this week starting with 50 users scaling up quickly based on referral leaderboard.
- He adds that the tools included in beta are: MEVCeption, TradeCeption, and MarketCeption.
TradeCeption Functionality
- Ser PT says that TradeCeption offers a simple tool to trade any token by pasting its contract and specifying the amount for quick transactions via the Telegram bot.
- He adds that bundling transactions creates more opportunities for users and wider profit margins. Scaling the ecosystem benefits all users involved.
Ecosystem Benefits Beyond Products
- Ser PT says that users are rewarded for referring others to use the tool through fee percentages. Gamification will be introduced, awarding points for activities within the tools.
- Ser PT says that tokens fuel the ecosystem, rewarding user participation with premium features access.
Referral Opportunities
- Ser PT says that referrals have been successful with 1500 applications in a short time. Users can refer to both users and projects, earning a percentage of generated volume.
- He emphasizes the benefits of referring projects using MarketCeption for revenue opportunities.
Q&A
-
- Q: How did you come up with the product of TradeCeption?
-
- A: TradeCeption is a Telegram trading tool that provides convenience for users. It enables direct trading within Telegram, enhancing speed and accessibility. It forms part of the Bot tools suite, generating revenue for projects and improving user experience.
-
- Q: When will users be able to stake $XCEPT?
- A: There is no specific timeline provided for staking but high priority in development.
-
- Q: Will the beta be released?
- A: Users will be batched into beta testing stages until no longer on a waitlist. The transition from beta to live product will occur gradually based on user demand.
-
- Q: What liquidity strategies are utilized?
- A: Uniswap V2 offers liquidity across the entire range, while V3 has concentrated liquidity at specific points. Just-in-time liquidity involves adding liquidity quickly to capture a large buy order. Bots utilize these strategies for opportunities and may remove liquidity post-transaction. Algorithmic models applied to liquidity provision offer interesting results.
-
- Q: What are the revenue streams for the users?
-
- A: Users can earn through MEV, TradeCeption activities, sniping, and holding/staking tokens. Stakers can earn rewards even without actively using other tools. MarketCeption is used for buybacks to fill reward pools from generated revenue.
Check out these important links
Show Information
- Medium: Twitter (Audio)
- Show: HODLMagnet
- Show Title: HODLMagnet – XCeption AMA
- Show Date: February 26, 2024